Multiple choice general knowledge

Which of the following is one of Mr. Buffet's quotes?

  1. Accept the fact that we have to treat almost anybody as a volunteer.

  2. Derivatives are financial weapons of mass destruction.

  3. Be a yardstick of quality. Some people aren't used to an environment where excellence is expected

  4. In the last analysis, what we are communicates far more eloquently than anything we say or do.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Warren Buffett famously called derivatives 'financial weapons of mass destruction' in his 2002 annual shareholder letter, warning about their risks and potential to cause systemic financial damage. This quote proved prescient during the 2008 financial crisis. Buffett is known for his quotable wisdom on business and investing.

Keep practicing — related questions